Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Global
Binance US Rolls Out Ethereum Staking Program

Binance US Rolls Out Ethereum Staking Program

by BitDegree
September 8, 2022
in Global
Reading Time: 3 mins read
2.8k
A A
0
Share on FacebookShare on Twitter

Binance US to start offering Ethereum staking services ahead of Ethereum Merge. 

Binance, one of the largest cryptocurrency exchanges, has launched the Ethereum staking program on its US subsidiary. 

According to the blog post shared on the Binance US website, the company offers an annual percentage yield (APY) rate of 6%. 

You might also like

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
7.5k
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
7.5k

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

The company claims that its program will allow users to start staking with a minimum of 0.001 ETH, highlighting that staking directly on Ethereum Network requires to stake at least 32 ETH. 

It is worth noting that the staking rewards will reach the users after the Ethereum Merge is finalized. The Merge entered its first stage, called Bellatrix, on September 6th, while the final stage Paris, is anticipated to be launched around September 10th and 20th. 

When talking about the launch of Ethereum staking, Binance US Chief Executive Officer Brian Shroder noted:

ETH plays a critical role in the broader Web3 ecosystem, and as the Ethereum network continues to transition towards The Merge, we are thrilled to now offer ETH staking with some of the highest APY rewards in the industry. We continue to build out a comprehensive staking offering that will provide the most value for our customers.

For comparison, Coinbase offers 3.25% APY for Ethereum staking, Lido Finance offers 3,5% APY, Nexo and BlockFi offer 4% APY. 

Despite launching Ethereum staking services to its US customers, Binance is taking other measurements prior to Ethereum Merge. The company has announced its plans to halt Ether (ETH) and ERC-20 token withdrawals and deposits during the Ethereum Merge. According to the company, this way, it will bypass any trading risks and ensure the safety of user funds.

On September 5th, Binance shook the crypto market stating that it plans to convert all investments made with USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD) to its own Binance USD token. 

Aaron S. - Expert Reviewer

by Aaron S. – Expert Reviewer, BitDegree


This article was originally published in Bitdegree and can be viewed here:

https://www.bitdegree.org/crypto/news/binance-us-rolls-out-ethereum-staking-program

Tags: Bitdegree
Advertisement Advertisement
Previous Post

Sony Music Files Application for NFT-Related Trademark

Next Post

GameStop Partners With FTX US to Bring Gaming and Crypto Communities Together

BitDegree

BitDegree

Related Stories

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

by Klever
February 22, 2023
0
7.5k

We are excited to announce that Klever has recently joined the Web3 Domain Alliance, a group dedicated to promoting the...

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

by Isabela Bellumat
February 14, 2023
0
7.5k

With so many options available, it can be difficult to determine which wallet is the best choice for your digital...

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

by Warren Manuel
February 10, 2023
0
7.3k

Imagine a world where businesses and organizations operate with complete transparency, security, and autonomy. A world where intermediaries and central...

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

by Warren Manuel
February 9, 2023
0
7.3k

Investment and financial management have come a long way in the digital age. With the advent of Artificial Intelligence (AI),...

Next Post
GameStop Partners With FTX US to Bring Gaming and Crypto Communities Together

GameStop Partners With FTX US to Bring Gaming and Crypto Communities Together

crypto future

Is crypto the future?

Please login to join discussion
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8375 shares
    Share 3350 Tweet 2094
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7039 shares
    Share 2816 Tweet 1760
  • Bitcoin battles back from record losses to $21,000

    5915 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5360 shares
    Share 2144 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5074 shares
    Share 2030 Tweet 1269

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version